MongoDB, Inc. (NASDAQ:MDB) CAO Thomas Bull Sells 301 Shares of Stock

MongoDB, Inc. (NASDAQ:MDB) CAO Thomas Bull sold 301 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $173.25, for a total value of $52,148.25. Following the completion of the sale, the chief accounting officer now owns 14,598 shares of the company’s stock, valued at $2,529,103.50. This trade represents a 2.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

MongoDB Trading Down 5.5 %

Shares of NASDAQ:MDB opened at $154.39 on Friday. The company has a market capitalization of $12.53 billion, a price-to-earnings ratio of -56.35 and a beta of 1.49. MongoDB, Inc. has a 12-month low of $151.52 and a 12-month high of $387.19. The business has a 50-day moving average price of $236.68 and a 200 day moving average price of $262.08.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The company had revenue of $548.40 million for the quarter, compared to analyst estimates of $519.65 million. During the same quarter in the prior year, the business earned $0.86 earnings per share. As a group, equities research analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Moody National Bank Trust Division grew its stake in shares of MongoDB by 5.6% in the first quarter. Moody National Bank Trust Division now owns 1,751 shares of the company’s stock valued at $307,000 after buying an additional 93 shares in the last quarter. Versant Capital Management Inc boosted its holdings in MongoDB by 237.2% during the 1st quarter. Versant Capital Management Inc now owns 607 shares of the company’s stock valued at $106,000 after acquiring an additional 427 shares during the period. 111 Capital acquired a new position in MongoDB in the 4th quarter valued at about $390,000. Lansforsakringar Fondforvaltning AB publ purchased a new stake in MongoDB during the fourth quarter worth about $5,769,000. Finally, Centaurus Financial Inc. lifted its position in shares of MongoDB by 19.0% during the fourth quarter. Centaurus Financial Inc. now owns 2,499 shares of the company’s stock worth $582,000 after purchasing an additional 399 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Wells Fargo & Company lowered shares of MongoDB from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $365.00 to $225.00 in a report on Thursday, March 6th. Loop Capital reduced their price target on shares of MongoDB from $400.00 to $350.00 and set a “buy” rating for the company in a research report on Monday, March 3rd. China Renaissance initiated coverage on shares of MongoDB in a research note on Tuesday, January 21st. They issued a “buy” rating and a $351.00 price target on the stock. Tigress Financial boosted their price objective on MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, KeyCorp downgraded MongoDB from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Seven investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $312.84.

MongoDB Company Profile

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.